Homes for sale under $500,000 in London and area

Every home listed at $500,000 or less across London and the towns around it, mostly condo apartments, townhouses and smaller houses. At $500,000 the minimum down payment is $25,000, and a first-time buyer's Ontario land transfer tax on a $500,000 home is $2,475 after the refund. London has no municipal land transfer tax.

Map

1,213 homes

  • $499,900

    192 William Street W

    Parkhill, Detached

    2 beds2 baths1,500-2,000 ft²

    MLS® X13689420
  • $268,000Price changed

    601 Barber Avenue N, Unit 306

    Listowel, Condo

    3 beds1 bath1,000-1,199 ft²

    MLS® X13689074
  • $490,000

    Lot 16 Hardwick Avenue

    Stratford, Townhouse

    3 beds3 baths1,500-2,000 ft²

    MLS® X13687726
  • $359,900

    16 Velma Street

    Strathroy, Mobile home

    2 beds1 bath700-1,100 ft²

    MLS® X13687002
  • Open Sun, Oct 18, 12:00 pm
    $434,000

    1886 Evans Boulevard

    London, Condo townhouse

    3 beds4 baths1,600-1,799 ft²

    MLS® X13686554
  • $419,900

    9 Maple Lane

    Ashfield, Detached

    3 beds1 bath700-1,100 ft²

    MLS® X13686290
  • $249,900Price changed

    288 Concord Drive

    Stephen, Detached

    2 beds2 baths700-1,100 ft²

    MLS® X13685778
  • $399,000Price changed

    850 Berkshire Drive, Unit 8

    London, Condo townhouse

    4 beds4 baths1,800-1,999 ft²

    MLS® X13685088
  • $459,000

    59 Breckenridge Crescent

    London, Semi-detached

    3+1 beds1 bath1,100-1,500 ft²

    MLS® X13684684
  • $499,900

    3111 Petty Road

    London, Vacant Land Condo

    2 beds3 baths1,400-1,599 ft²

    MLS® X13684558
  • $499,900

    3117 Petty Road

    London, Vacant Land Condo

    2 beds3 baths1,400-1,599 ft²

    MLS® X13684554
  • $499,900

    281 Hill Street

    London, Multiplex

    4 beds2 baths2,000-2,500 ft²

    MLS® X13684482
  • Price reduced
    $349,000was $375,000

    157 Adelaide Street

    Strathroy, Detached

    3 beds2 bathsUnder 700 ft²

    MLS® X13683132
  • $190,000

    9385 Ipperwash Road, Unit 27

    Lambton Shores, Mobile home

    3 beds1 bath700-1,100 ft²

    MLS® X13683128
  • $455,000

    348 Winnipeg Boulevard

    London, Detached

    3+3 beds2 baths700-1,100 ft²

    MLS® X13682712
  • $299,900Price changed

    33714 Pavilion Road

    Stanley, Land

    0 beds0 baths

    MLS® X13682228
  • $369,900

    22790 Amiens Road, Unit 30

    Rural Middlesex Centre, Middlesex Centre, Modular home

    2 beds2 baths1,100-1,500 ft²

    MLS® X13682168
  • $179,900Price changed

    136 Conway Drive, Unit 52

    London, Condo

    1 bed1 bath600-699 ft²

    MLS® X13682050
  • $499,900

    519 Riverside Drive, Unit 39

    London, Condo townhouse

    3 beds3 baths1,200-1,399 ft²

    MLS® X13681878

First home? Start with what first-time buyers can claim and run the affordability calculator, then see what your budget buys neighbourhood by neighbourhood.

Listing data provided under copyright by the London and St. Thomas Association of REALTORS® and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate. Only active listings are shown.

Questions about under $500k

Why do some listings here show a very low price?

Occasionally a listing is a parking space, a lot, a mobile home on leased land or has a placeholder price. Open the listing for the details, or ask us.

What is the minimum down payment at $500,000?

5% of the first $500,000, so $25,000, with mortgage default insurance when you put down less than 20%. The CMHC insurance calculator shows the premium.

Are homes outside London included?

Yes. It covers the towns around the city too, from St. Thomas to Stratford. Use the filters to narrow it to one town, a London neighbourhood or a home type.

How much land transfer tax is there on a $400,000 home?

$4,475 in Ontario land transfer tax. A qualifying first-time buyer gets $4,000 back and pays $475, and London has no municipal land transfer tax. Try other prices in the land transfer tax calculator.